Michael Lafair Sells 3,747 Shares of CS Disco, Inc. (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) CFO Michael Lafair sold 3,747 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.11, for a total transaction of $19,147.17. Following the transaction, the chief financial officer now owns 862,046 shares of the company’s stock, valued at $4,405,055.06. This represents a 0.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael Lafair also recently made the following trade(s):

• On Tuesday, February 18th, Michael Lafair sold 13,146 shares of CS Disco stock. The stock was sold at an average price of $5.19, for a total transaction of $68,227.74.

CS Disco Stock Down 2.2 %

NYSE:LAW opened at $4.81 on Friday. The stock has a market cap of $290.44 million, a P/E ratio of -5.23 and a beta of 2.06. The firm’s fifty day simple moving average is $5.07 and its 200 day simple moving average is $5.52. CS Disco, Inc. has a twelve month low of $4.67 and a twelve month high of $8.57.

CS Disco (NYSE:LAW) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). CS Disco had a negative net margin of 38.51% and a negative return on equity of 22.30%. The firm had revenue of $37.00 million for the quarter, compared to analysts’ expectations of $36.03 million. On average, analysts expect that CS Disco, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Trading of CS Disco

A number of hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in CS Disco in the 3rd quarter worth about $158,000. Charles Schwab Investment Management Inc. increased its position in shares of CS Disco by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,551 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in CS Disco by 9.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock worth $5,611,000 after acquiring an additional 80,496 shares in the last quarter. State Street Corp increased its holdings in CS Disco by 0.4% in the 3rd quarter. State Street Corp now owns 507,626 shares of the company’s stock worth $2,985,000 after acquiring an additional 1,995 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in CS Disco by 44.2% in the 3rd quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock worth $267,000 after purchasing an additional 13,894 shares during the period. Institutional investors own 58.05% of the company’s stock.

Analysts Set New Price Targets

LAW has been the subject of a number of research reports. Jefferies Financial Group cut their target price on shares of CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price target on shares of CS Disco in a report on Friday, February 21st.

CS Disco Company Profile

CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.